Homeowners remodel properties for different reasons, such as keeping up with the latest trends or adding value. During the upgrading process, you’ll have a variety of rooms you can add, including the most popular, an extra bedroom or bathroom. Below, the professionals from Forever Builders, the experts in full home, kitchen, and bathroom remodeling Orange County homeowners have trusted for more than 20 years, explain how each addition could increase the value of your home.
Bedroom
An extra bedroom could be handy if more people are moving into your house. This allows you and the new residents to maintain privacy and space.
The location of the home and its current property value will help you determine how much value a new bedroom could add. Increasing the home’s size is one of the reasons a bedroom might add thousands of dollars to the property value. The requirements, appraisal regulations, and value definitions will vary from state to state, so make sure to learn more before making your final decision.
Bathroom
Giving your guests or family members an additional bathroom removes the need to share the amenity. You can also take advantage of an unused area within the house. Consider adding a full bathroom that gives the property more value instead of adding another kitchen or a home movie theater. The new bathroom can also add privacy to the home, which is another way to boost its value.
A new bathroom can raise the value of your home by 10 percent in most cases. However, adding more features to the room, such as a bathtub or shower, could increase that value by up to 20 percent or more.
Necessities
In most situations, a new bedroom can boost your property value more because of the extra space. However, the necessities are what individuals consider when making these decisions, especially regarding long-term sales or renting opportunities. For example, if you have two bedrooms and one bathroom, in the future, most buyers and renters will prefer the additional restroom instead of an extra bedroom.
You can also add mobility features if a more accessible restroom is necessary. These include walk-in showers, handrails, and a nonslip floor, which can boost value for a potential sale.
Improving a Current Room
If you decide adding a bathroom is more feasible but you want to spruce up one of your current bedrooms, install or upgrade the restroom there instead of placing it in the hallway or downstairs areas.
Your budget is something to consider when adding a bathroom to the bedroom. A half-bath is typically less expensive than a full bathroom, but it will ultimately be based on what you need in the room. Speak with a professional contractor who can give you details about current trends and insight into other properties in your community.
The Forever Builders team, the room addition contractors Orange County homeowners rely on for exceptional service and quality, will assist you through every step of your project. From design to completion, we’ll help you create the room addition you’ve always wanted, meeting all your expectations while keeping your costs within budget. To find out more about our exceptional home remodeling services, give one of our friendly team members a call today.